What most people do with their old phones ? Probably someone like me, I always sell my old iPhone on eBay as soon as I get my hands on the new iPhone. And I thought this was a common practice. But according to a new study made by “Mobile Mountain Study”. The study shows that almost half of the consumers who buy a new smartphone are holding on to their older device instead of opting to recycle or sell it in the used handset market…

All of these unused phones, SellCell says, are worth almost $47 billion, and it estimates that older iPhone models account for approximately $13.4 billion of that total. Here’s a breakdown of the most popular traded-in cellphones in the US, sorted by brand, model and resale value:

“Of those who haven’t sold or traded in their old phones, 20% say they gave them away to a family member, friend or partner, 12% say they gave them to a charity, and 9% say they threw them in the trash, the survey found. Women are more likely to give their old phones to a family member or friend (22.5%) than men (18%). Security is less of a concern: Only 18% had concerns about personal data on their old phones versus 23% a year ago. So why are Americans hoarding old phones? Some 17% of smartphone owners say they were “too lazy” to get rid of them. However, nearly 40% of smartphone owners also say they hang on to old models so that they have a spare, while 36% say they “don’t know what else to do with them.”

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Unused iPhone In The US Is Said To Be Worth $13 Billion

What most people do with their old phones ? Probably someone like me, I always sell my old iPhone on eBay as soon as I get my hands on the new iPhone. And I thought this was a common practice. But according to a new study made by “Mobile Mountain Study”. The study shows that almost half of the consumers who buy a new smartphone are holding on to their older device instead of opting to recycle or sell it in the used handset market…

All of these unused phones, SellCell says, are worth almost $47 billion, and it estimates that older iPhone models account for approximately $13.4 billion of that total. Here’s a breakdown of the most popular traded-in cellphones in the US, sorted by brand, model and resale value:

“Of those who haven’t sold or traded in their old phones, 20% say they gave them away to a family member, friend or partner, 12% say they gave them to a charity, and 9% say they threw them in the trash, the survey found. Women are more likely to give their old phones to a family member or friend (22.5%) than men (18%). Security is less of a concern: Only 18% had concerns about personal data on their old phones versus 23% a year ago. So why are Americans hoarding old phones? Some 17% of smartphone owners say they were “too lazy” to get rid of them. However, nearly 40% of smartphone owners also say they hang on to old models so that they have a spare, while 36% say they “don’t know what else to do with them.”